28-11-2022
TGCI 215: From Guinness book of world records to iFly Indoor Skydiving to Full Time Investor
In today’s show, Pancham interviews K. Trevor Thompson - entrepreneur, real estate investor, syndicator, and founder of Niagara Investments. Trevor’s achievements are no joke - 47 years in the attraction and entertainment industry, 20 years working with iFLY Indoor Skydiving, invested in 20 deals, and a diverse portfolio that includes investments in a retail strip mall, a medical office building, land development, and more! With tons of investing experience, you’ll certainly from this episode as he shares his various entrepreneurial adventures before he discovered that real estate is the real deal! He'll also share his favorite asset class, investing in the entertainment sector, the value of a skilled operator, and the advantages of passive investments. Listen and enjoy the show! Quote: “The more I learned about real estate investing, the more I just got hooked on it. And you know, I could see the power of it. And what they say, right? 90% of all millionaires were created through real estate.” Timestamped Shownotes: 0:40 - Pancham introduces Trevor to the show1:48 - Understanding passive investing and creating wealth through real estate9:21 - Differentiating active and passive investing by its risks10:32 - How investing in the entertainment industry works13:29 - The benefits of investing in different asset classes16:30 - His take on real estate investing amidst the current market shift24:14 - Education and hard work as the first steps to getting started in real estate28:51 - Taking the Leap Round28:51 - Real estate apartment as his first passive investment 29:03 - Overcoming his fear of investing in a completely different asset29:56 - Why his 2nd real estate investment did not go as expected31:08 - Why real estate investing is like betting on a horse race32:00 - How you can connect with Trevor 3 Key Points: Be careful investing with someone you first get started in real estate investing. Once you found somebody that you can trust, the deals can do well.Having a diversified investment portfolio could help minimize the risks as each asset class has its own benefits and market trends change from time to time.Prioritize getting educated to get started in real estate investing. There are a lot of platforms that could help you do so such as meetups, online courses, and the like. Get in Touch: Trevor Thompson Email - ktt@niagara-investments.comTrevor Thompson LinkedIn - https://www.linkedin.com/in/ktrevorthompson/Niagara Investments LLC Website - https://www.niagara-investments.com/The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/Pancham Gupta Email - p@thegoldcollarinvestor.com Books: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194Passive Investing In Commercial Real Estate: Insider secrets to achieving financial independence by James Kandasamy - https://www.amazon.com/Passive-Investing-Commercial-Real-Estate-ebook/dp/B07MYCK56B